Innovation is one of the most overused terms and least understood aspects of creating and sustaining a successful business.
This is a major problem for businesses, as developing the ability to regularly innovate is becoming imperative for long-term survival.
The following resources aim to help demystify innovation and highlight how you can make it practical and a part of the way you do business.
What is innovation strategy, is a common question that business owners have. Given that innovation is critical to creating and sustaining a successful business, it’s vital to have a sound innovation strategy. Those that approach innovation on impulse typically perform poorly! It’s critical that the investment in innovation aligns with ...Read more
Being able to manage the key elements of innovation so it becomes a focused, well-developed and repeatable activity, is a key characteristic that separates the most successful businesses from the rest. Effective ongoing innovation requires a focus on the three key elements of innovation. These are having: A well developed ...Read more
The question ‘What is innovation?’, is often surrounded by a lot of hype and mystique. Because of this, innovation is often misunderstood. This can be tremendously detrimental to those wanting to get started on their innovation journey and should be avoided at all costs. Instead, the answer to ‘What is ...Read more
Typically, businesses struggle to innovate because of disproportionate optimism. Logically, innovation makes a lot of sense and most business owners understand that it’s a key driver of their long-term success. Nevertheless, they often struggle to innovate and fail to engage in the ongoing innovation activities needed to sustain long-term success! ...Read more
Business creativity requires an understanding of the nature of creativity and what it takes to make it flourish within the individuals and teams in your business. To survive and successfully grow a business in the long-term, creativity must form part of your business’s culture. If you’re not constantly developing new ...Read more
Creativity and innovation are fundamental to long-term growth and success! Success requires that you not only create sufficient value for your customers, but critically, that you capture enough of that value for yourself! This involves identifying opportunities, diagnosing problems and developing and realising valuable commercial solutions. Central to this process ...Read more
Your mindset determines business innovation effort and is one of the most powerful determinates of success and the outcomes you achieve in your life. It can be the fuel for ongoing learning, continuous improvement and the foundation for your success, or it can be the source of insurmountable obstacles that ...Read more
Failing to innovate leaves businesses and industries at risk of destruction. Competition constantly increasesand customers’ expectations constantly grow. No matter how successful you were in the past, you need to innovate to survive. This means not just changing but making the strategicchangethat leads to greater value and sustained business growth. ...Read more
By its very nature, overcoming the barriers to innovation is about change management and moving away from the relative safety and comfort of the known. Innovation requires not only generating new ideas but implementing them and that means overcoming the barriers to innovation and change. A sudden focus on innovation ...Read more